19 Jul The Price Of Collateral

Many bail bonds will require collateral in order to be authenticated. Collateral is typically property, vehicles, and valuables that a person pledges to the bail bond company. The bail bond company uses collateral as insurance.

You see, the big thing about bail bonds over cash bonds is that a bail bond costs 90% less than cash bonds. The defendant will need to show up for court in both cases, but for bail bonds, the collateral acts as a big incentive for the defendant to honor this agreement. If the defendant fails at showing up for court, the bail bond company can, and will, claim the collateral from the original owner. The original owner loses whatever property, vehicles, and/or valuables they pledged. Knowing they have loved ones putting so much at stake for them is the incentive for the defendant to go to court. Otherwise, the loss of collateral is at the fault of the defendant.

To find out what collateral is accepted, and to get all your other bail bonds related questions answered. We urge you to contact Statewide Bail Bonds at 877-793-2245 or through our online chat. Consultation with one of our friendly and knowledgeable bail agents is always FREE, so call now and ask about our no collateral needed bail bonds to see if you qualify.

At Statewide Bail Bonds, we truly believe in honesty and integrity. We make sure to treat our clients with dignity and respect. We have been helping Californians bail out their loved ones from jail since 1987, and we can help you too. Our skilled bail bondsmen will take care of you and will answer any questions you have and will do whatever they can to make the bail bond experience easy. We want you to be relaxed and present when you work with us. We want your experience with Statewide Bail Bonds to be a pleasant one. So call now and let us help you!

For a FREE consultation or if you have any questions regarding bail bonds, call Statewide Bail Bonds at 877-793-2245 or Chat With Us now.